Re:Why can't we get rid of taxi medallions? (2012)
by johnward on Tuesday October 06, 2015 @09:29AM
(#10338693)
It seems like they should have either used the medallion or returned it to the government. How do we fix it now though? Does the government get rid of medallions? Does someone refund the people who bought them? It's pretty clear people prefer the uber model but the cabs do have at least on reason to be mad, the medallions they bought to comply with regulations.
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Re:Why can't we get rid of taxi medallions? (2012)
by merpnderp on Tuesday October 06, 2015 @10:27AM
(#10339092)
Why should taxpayers bail them out? They bought into a monopoly and that's like paying the teacher a bribe so you can take other kids' lunch money. This is a perfect example of corporatism, and should not be rewarded with a soft landing when it fails.
Re:Why can't we get rid of taxi medallions? (2012)
by johnward on Tuesday October 06, 2015 @10:34AM
(#10339125)
We don't have too. We could just say "you must have a medallion to operate a cab". They secondary market drove up the prices so I guess it doesn't make sense to have the gov reimburse them. If there was no secondary market then it might.